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CFPB Dodd-Frank Rules: The Great Easter Egg Hunt (Part 1)
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Consumer Protection
Monday, January 28, 2013
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The Consumer Financial Protection Bureau’s new mortgage rules will shape the industry for years to come. But while many industry participants are focusing on the negative, Howard Lax of Bodman PLC is on the hunt for the rules’ hidden gems. In part one of this series, you’ll learn why Lax says the CFPB’s inclusion of certain loan originator compensation in the qualified mortgage definition’s points and fees cap may not be as troublesome as it first appears.
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